by alied_m | Jun 6, 2024 | Bookkeeping
Restrictions in IP contracts, such as limits on use or geographic boundaries, influence revenue timing. If a license is restricted, it often grants a right to access the IP rather than a full right to use. If a contract combines a license with software updates or... by alied_m | Sep 30, 2022 | Bookkeeping
In addition to these setbacks, we are now facing late fees and penalties that could have been avoided had your team performed their duties correctly and timely. This situation has caused us significant stress, financial strain, and has completely disrupted our ability... by alied_m | Sep 29, 2022 | Bookkeeping
I decided to give it another try, hoping for the best, but the software was difficult to use and no easier than QuickBooks. The new accountant was knowledgeable and nice but hard to reach; I had to use the chat feature, and appointments were weeks out. When I needed... by alied_m | Dec 14, 2021 | Bookkeeping
Begin your planning process by asking, “What financial outcome do we want this year? This fund will act as a financial cushion, helping you navigate unforeseen challenges without straining your budget. Knowing your goals will help in allocating the budget effectively... by alied_m | Dec 8, 2021 | Bookkeeping
Once you have your total revenue estimated, compare that amount to your total expenses. If revenue doesn’t cover expenses, you’ll need to adjust either revenue, expenses, or both until totals are equal. Again, be careful not to overestimate your revenue just to get a... by alied_m | Aug 4, 2020 | Bookkeeping
By breaking down equity into its individual components, it allows analysts to assess the impact of various transactions on a company’s financial health. Whether evaluating profitability, financial stability, or dividend policy, the expanded accounting equation...